Iran offers private investors to export 50% of the electricity which they generate at plants
Monitoring Desk: Iran has offered private investors to export 50% of the electricity which they generate at border plants.
According to Iranian state run television channel,—Press TV– Tavanir Arash Kordi , the head of National Power Grid said that the Energy Ministry permitted investors to discuss on their own the terms of electricity exports and transmission.
Kordi said the government supports private investors for power generation and exports. Iran is the biggest generator of electricity in the Middle East where it produced 277 billion kilowatt hours (kWh) of power last year, the official said.
Iran mainly operates hydroelectric, gas and combined cycle power plants but it plugged its first nuclear power plant into the national grid in September 2011.
The 1,000-megawatt plant is currently operating at 40% capacity. It is part of Iran’s plans to produce 20,000 megawatts of nuclear power.
Iran is counting on its large diaspora of expatriates for investment, with the government lining up a series of incentives to attract them.